LN hub owner gives up: Funds have to be online/hot. Introduces counterparty compared to hardware/paper wallet Funds are locked in channels. If the other side of the channel is unreachable, you need to wait up to weeks
It's now clear the LN was nothing but a way to gain time. One of the main concerns which led to choose such a complex solution for "scaling" BTC, while artificially preventing the
blockchain from scaling, was giving the banks time to build competing services enough time to work on their own products. Now it's easy to forget that the banks were way way behind